Alphabet Inc. (NASDAQ:GOOGL) is one of the The 10 most profitable stocks of the last 5 years. On October 7, Citizens reaffirmed its Market Outperform rating on Alphabet Inc. (NASDAQ:GOOGL) with a $290 price target.
The research firm noted that Alphabet Inc. (NASDAQ:GOOGL) is integrating AI throughout its business. However, analysts noted that OpenAI’s product development speed could present a challenge and that Google would need to accelerate its own AI rollout.
Citizens also warned that ChatGPT’s integration with third parties could mean that ChatGPT will have greater control over user experience and content curation, which could influence retail media.
Alphabet Inc. (NASDAQ:GOOGL) is a global technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android.
While we recognize GOOGL’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.